Westerville, OH - SSTI has released a new data tool that defines investment activity, one indicator of the vibrancy of a region’s innovation economy, in each of 18 technology areas. Comprising two interactive visuals and a downloadable data file, this tool includes the number of investment-backed companies, investment deals, and amount of capital invested by state, year (2013-June 2023), and investment stage (e.g., seed, angel, venture) for technology verticals that were selected to align with many of the key technology areas defined in the CHIPS and Science Act and included in the U.S. Economic Development Administration (EDA) Tech Hubs program.
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Bernards, NJ - According to the Bernardsville News, "Naturalists from the Somerset County Park Commission's Environmental Education Center (EEC) in Basking Ridge offer programs designed to make learning about nature interesting for children both in and out of the classroom. The programs feature science-based topics using a hands-on approach. Topics range from discovering how to identify animal tracks, to a discussion about the process of maple sugaring. Programs are appropriate for children in kindergarten through high school."
Newark, NJ - Audible today announced the launch of a new series of business attraction efforts designed to help innovative companies join Audible in Newark. Companies with founders of color or female founders are particularly encouraged to apply and can access relocation assistance, capital for new leases, and stipends for employees to live and shop locally – an extension of Audible’s successful Live Local Program. Live Local offers a $500 per month after-tax rent subsidy for employees who choose to live in Newark.
Morristown, NJ - As the epicenter of New Jersey’s biotechnology sector, Morris County has emerged as a nationally recognized hub for life sciences. Join the MCEDC as we explore our life sciences industry overview, including the impressive data and notable achievements that make Morris County a vibrant and thriving destination for professionals and companies in the field. Morris County boasts a thriving life sciences industry, with over 10,186 individuals employed in the sector. The region’s dedication to fostering growth and innovation is evident as the industry is projected to increase by 830 jobs (8.4%) from 2020-2025. This growth rate below the national average reflects the area’s commitment to supporting and expanding its life sciences workforce.
Washington DC - President Joe Biden signed an executive order that aims to ensure that technologies invented through federally funded research are, as much as possible, manufactured in the United States. The order instructs numerous federal research agencies to “consider” extending existing requirements for U.S. manufacturers to a much broader swath of licensing deals. The move comes as an enormous relief to tech transfer experts, who had feared the Biden administration might go further and extend to all federal research far more restrictive licensing requirements imposed unilaterally by the Department of Energy (DOE) 2 years ago.
Hoboken, NJ - Faculty expertise and research on coastal resilience, storm surge and flood prediction at Stevens Institute of Technology’s Davidson Lab – including the Stevens Flood Advisory System – can save lives, protect assets and reduce the impact of extreme weather events on vulnerable communities around New Jersey. Join us for experts-led demonstrations about what we do at Stevens and how your community or agency can leverage our proven experience and research outcomes through support from State and Federal resources. Also, help us learn how to expand the impact of these highly specialized tools to ensure New Jersey is prepared for disruptive weather events.
Camden, NJ - In a significant collaborative effort, the Coriell Institute for Medical Research, Cooper University Health Care, and Cooper Medical School of Rowan University (CMSRU) have launched the Camden Cancer Research Center (CCRC), a partnership to investigate cancer and translate basic cancer science into new treatments. The three organizations have pledged an initial $30 million to start this center. Scientists in the CCRC will hail from the three organizations and the center will encompass all of Coriell’s cancer research efforts, including eight scientists responsible for $5 million in annual federal research funding currently.
Glassboro, NJ - A new Princeton University-led collaboration to drive economic and technological advancements in photonics—the branch of science that includes lasers, optical fibers and cutting-edge light-based innovations—has been awarded a development grant from the U.S. National Science Foundation's Regional Innovation Engines, or NSF Engines, program. The grant will lay the groundwork for a multistate collaboration called Advancing Photonics Technologies that aims to advance research, transition discoveries into the economy, and build the region’s technological workforce.
Chatham, NJ – The Research & Development Council of New Jersey (R&D Council) announced today the honorees and winners of the 2023 Edison Patent Awards, the state’s highest recognition for inventors and innovation. These 14 winning patents created by 60 inventors and the three individual award winners will be honored during the 44 th annual Edison Patent Award Ceremony and Reception on November 15, 2023 at Liberty Science Center in Jersey City, N.J.
Camden, NJ - According to ROINJ, "Cooper University Health Care’s Center for Innovation recently announced it received a $100,000 grant from the Foundation for Health Advancement to study and develop a new body cavity evacuator used to drain fluid from the pleural space of the lungs. The novel device, invented and developed by Cooper thoracic surgeon Dr. David Shersher and Cooper pulmonologist Dr. Wissam Abouzgheib, has the potential to provide a more effective, less invasive way to drain fluid from the body than current methods."
Westerville, OH - According to Jason Rittenberg, "The U.S. Small Business Administration (SBA) is implementing a final rule, effective Aug. 17, that adds a category of Small Business Investment Company (SBIC) that will make the program a better-fit for early-stage investment strategies. The most significant change in this direction is the creation of an accrual funding mechanism that enables licensed SBICs to receive a loan from SBA that is repaid only upon distribution events or at the end of a 10-year term. Additional changes include allowing fund investment strategies through a reinvestor SBIC license, modifying license fees, clarifying elements of nonprofit participation, and attempting to reduce program paperwork."
Washington DC - The White House has released a new report, Building the bioworkforce of the future: Expanding equitable pathways into biotechnology and biomanufacturing jobs. The five core recommendations in the report are intended to help propel continued investment in the bioeconomy and maintain the U.S.’ leadership in this sector. The report follows an Executive Order President Biden signed in September 2022.
Westerville, OH - The "CHIPS and Science Act" authorizes both the National Science Foundation (NSF) and the U.S. Economic Development Administration (EDA) to implement programs to enable regional technology development and economic and job growth through NSF Regional Innovation Engines (NSF Engines) and EDA Regional Technology and Innovation Hub (Tech Hubs) programs. To officially enable cooperation between the two agencies as they pursue these similar goals, NSF and EDA signed a memorandum of understanding MOU. The MOU allows for coordinating specific projects, programs, and facilities.
Washington DC - According to Lauraine Langreo, "A majority of students are interested in careers in science, technology, engineering, or math, but students, parents, and teachers say schools are not doing a good job preparing students to pursue careers in those fields, concludes a new survey from the Walton Family Foundation."
Westerville, OH - According to Conor Gowder, "It appears that innovation is contagious. Maps reveal that once there is a concentration of patents granted to inventors in one U.S. county, innovation starts to percolate in neighboring counties. And the phenomenon isn’t found only in established life sciences hubs like San Diego or Boston. SSTI observed this spillover effect in Washtenaw County, Michigan and Hennepin County, Minnesota, among other places. These data suggest that when a strong base is located, likely due to new companies and startups establishing themselves, innovation lays down its roots and spreads to other counties."
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